In GST scenario, GTA is under reverse charge mechanism. Further GAT rate mentioned is " 5% no ITC".
My query is, what is meaning of 'no itc' ?
Whether receiver of GTA service paying rcm GST , will not be eligible for taking input service credit?
But GST Act mentions input tax credit for all inward GST payment?
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ITC availability on GTA
Replies (3)
In my opinion it is meant that no ITC available for service provider (transporter).
hi all, pls give your opinion on availability of input tax credit on GTA service, on which recipient will pay tax.
If service recipient is paying rcm GST, then whether it is available or not available to ITC to recipient ??
If service recipient is paying rcm GST, then whether it is available or not available to ITC to recipient ??
Can't get Credit....Sec 17 (5) specified that "ITC is not available on Transporation of Goods".
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